Savannah morning news. [volume] (Savannah) 1868-1887, 1887-03-15
THE COTTON SEED TRUST
HOW 4 SOUTHERN INDUSTRY
HAS BEEN DEVELOPED.
The Products of the Cotton Seed and its
Uses-How their Manufacture Is Con-
trolled and the Men Who Practically
Monopoiize the Business,

The recent decline Of some ~ per CENT
! in the price OF the certificates OF Inc
American Cotton Seed Oil Trust, the re-
suit OF an organized raid upon them, mas
served to bring out good deal OF lnior-
nation regarding the concern. Inc iact
| elected by the reported opposition OF Mr..
Z. D. Armour to the enterprise that the
oil Of the cotton seed was extensively
used in the manufacture of lard, aroused
general interest, and has doubtless led to
a line OF inquiry that has thrown COCA
deal of light upon the uses TO whlcn the
oil is put. 1t appears that the Oil enters
very largely into the preparation OF oleag-
nous articles for domestic use, and to
that extent every body is interested In the
development OF this comparatively new
Industry, and the remarkable corporation
that practically controls it.
Wall streets special interest in the
matter is to know something bearing
upon the value of the property. In some
OF the recent attacks upon ii the Trust
has been spoken of as ''blind pool
swindle." AS matter OF fact the con-
Germ has had to manage its affairs with
great secrecy TO attain success, but even
IA casual investigation shows that it is
not swindle. OF course it may be high
ly capitalized, but even that is not GER
tain, and Its shares may not be worth
what they are selling for, but the fact re-
mains that the concern owns an immense
amount OF property that has rare ca
! pacity for making money. No official in-
ventory of the company's property has
ever been made public, but trustworthy
enumeration OF all Of its principal plants
shows that it owns 96 oil mills and re6ner-
les. The former scattered through the
| Southern States, and the latter located at
| points In the North, from Providence, K.
| l., TO Omaha. 1t controls fully 80 per
cent. OF the production.
This extensive plant Is represented by
| about S38, 900, 0G0 par value OF certificates,
and at the present MAI et price the capt.
talization stands at $20.000,000, The con-
| Germ has no Indebtedness OF any kind.
| Since it's earnings have become large 1t
! has ceased to issue its certificates, aud 1T
| now pays for all new properties in cash
| out of net earnings. On July the con-
Germ will make a showing to its stock
holders covering both it's capitalization
and its earnings.
From a ton of seed the oil miller makes
about $50 worth OF oil, oil cake, and lint,
the manufacture costing about S., leav-
Ing net profit of from So 10 S. on every
ton OF g. ed milled. The oil finds ready
market all over this country and Europe.
going to make lard, lardine, butter, but
terine, Illuminating and lubrIcating SUBJ
stances, and the table oils. A large pro-
portion of the whole product is shipped
TO Europe, and comes back as pure olive
oil.
For frying purposes the refined cotton
oil is regarded by many as superior to
the best lard. and 1t Is stated that some
of the best hotels In the country use no.
thing else IN the preparation Of all kinds
of food except pastry. This would no
doubt surprise their guests il they knew
| it.
At one OF the largest hotels on Fifth
avenue guest recently complained that
the oil provided for salad was not so good
as that ne had been furnished with on a
previous visit TO the city, and the head
waiter informed him that the oil which
was found so palatable was cotton oil,
while that Of which he complained was
the pure juice of the olive.
The manufacture OF these oils is not
confined TO this country, there being a
large number OF cotton oil mills in Eng
land, where the Oil is pressed from Egyp-
tan seed. Most OF the mills are at Hull,
and some are scattered turough Scotland.
The production is limited by the small
: crops OF Egyptian cotton. 1t is said,
however, that the English product is
much inferior to the American, and the
; ! demand for the latter abroad is con-
! stantly increasing.
!ilo IVY YEARS ago 'ue CoIton vi
q miners IueC III cohVentlon, anu oouu
uilCtee was va S"ni1eu W ueNlse u uietuOu
lol uVius q" "s W eolle eAVeu1 WIN tne
Sonpe.illop a'uous Vne lnlIie, anu re-
lallh9 tue pltce VI tle Prouuet. a snorl
: eApei lenoe y. q " 'Iil I ~neie we
prlce anu ouspu. "as Iesula,eu 10y tnt
colitnitsee' oIVus ns we miiSls 10 tne
ooncIusIot tna' hotninS couiO oe acooHp
lieheu ioI lnsi. oenenI ~ lhIs way, ioi
the Ieas" 1 .h . 'ne var! Ins cohu,lions o
!, ralIroau ileiAn i,s, anu seeu supply ssVe
soIhe VI Jug ~ ms al Su' an'a Se oNer Ihe
: otneIs, Nnion 0oulu NJ. Dg o'eLcone oy
= price icy ula.Ioh, anu wnIcn lnose w1o
! Poese sseu euon q" '"n'As" "e'e un"hf
ing 10 ioIeEo.
:. As Iesuie y. Ios ,sn n oI luis CON OIL
nat,oh tue Cot.on Oii use was iortueu
= me ioea y, Tulou 10 tnae Scentral orgsni
y zation snaii own, Inanase anu con'roi tnt
most pronlav'e vi Tue ui''ls Ianu Iegulate
ane supply oi ene y. ouuct ava lts price
Tue Sotson vi ius. 10 ma sr naRe1 oy
BOARD ol pIne uirec'oTs: me oetall'
o, manaseeu. &c Iu.iueteu 70 va
rIous bureaus, Secn VI wn!vn nas cnarge
- OF separa'e or@ucn Vi Ine company
y ouslnt Ss' .,,,
: ihe pOaru is autnoIi1eu 10 PURCHASE
: cotton OIL ~ ms anu rehheTIes as IL sees d
T. iu the ceTtlhcates vi tne irusI OF 10 cssn
Il -